Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » DisCos demand N400 billion metering bailout from Nigerian govt

    DisCos demand N400 billion metering bailout from Nigerian govt

    July 18, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Power distribution transformer.

    OpeOluwani Akintayo

    Lagos — Electricity distribution companies, DisCOs have demanded the sum of N400 billion as bailout from the federal government to enable them meet up with financial challenges of the Meter Asset Provider, MAP scheme.

    In a joint statement, they said the need for the fund arose from lack of financing and increased import duty on meters.

    According to them, the bailout which should be a long-term single-digit interest loans, should be provided through commercial banks and made available to customers through its developing partners.

    “The government should provide N400 billion for comprehensive metering MAP vendors/customers through the commercial banks with an 18-month metering completion period and a 10-year repayment term,” they said.

    The DisCos accused the Nigerian Electricity Regulatory Commission, NERC of designing the MAP regulations with inappropriate meter pricing, which they said had resulted in bridging of the metering gap of over 6.5 million, and a 35% increase on fully assembled meters.

    They called on NERC to install appropriate and commercial price on meters to ensure mass metering. “Discos should have a surcharge for those who don’t or can’t pay for meters upfront in their own inventory of meters. Waivers to be granted to cover meters and meter prices [should] be fully commercialised. Waivers on increase in duty to continue for at least two years,” they said.

    Related News

    Verdagy’s hydrogen to power Mainspring Energy’s linear generators

    ‘Laos’ large hydropower capacity to reach 16GW in 2035’

    Portugal wants EU to pressure reluctant France on power connections

    E-book
    Resilience Exhibition

    Latest News

    TotalEnergies sells 12% Bonga oilfield stake to Shell for $510m

    May 29, 2025

    Port Harcourt Refinery host communities urge National Assembly to probe shutdown

    May 29, 2025

    Oil market volatile amid changes in supply and demand expectations

    May 29, 2025

    Nigeria pushes intra-African gas trade agenda at AET conference

    May 29, 2025

    Nigeria’s National Assembly backs steel sector revival

    May 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.